Month: August 2024

Newmont Contributes GH¢3.176bn In Taxes To Ghana In First Half Of 2024
28 Aug

Newmont Contributes GH¢3.176bn In Taxes To Ghana In First Half Of 2024

Wontumi2Business
Newmont Corporation, the world’s leading gold business and Ghana’s leading gold producer continues to make substantial financial contributions to the economy through its tax payments. In the first half of 2024 alone, Newmont’s operations in Ghana, which include the Ahafo and Akyem mines, paid over GH¢3.176 billion in taxes, royalties, levies and carried interest and property rates to the government. These payments were directed to the Ghana Revenue Authority, Forestry Commission, Ministry of Finance, and various District Assemblies where the company operates. This significant contribution underscores Newmont’s commitment to fulfilling its fiscal obligations and supporting the country’s economic development. A…
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IMF MD Proposes Appointment Of Nigel Clarke As Deputy MD
28 Aug

IMF MD Proposes Appointment Of Nigel Clarke As Deputy MD

Wontumi2Business
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), has announced to the Executive Board her proposal to appoint Nigel Clarke to the position of Deputy Managing Director, effective October 31, 2024. He will succeed Antoinette Sayeh, who, as previously announced, steps down on September 12, 2024 In announcing her selection of Mr. Clarke, Ms. Georgieva said: “Mr. Clarke is an exceptional public servant and policymaker, with proven leadership in institution building and economic crisis management, who has stewarded his country’s economy to a stronger and more sustainable position. Since 2016, he has been the IMF’s chief counterpart on successive and historically…
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Cedi Crosses GH¢16 Mark Against The Dollar On Retail Market
28 Aug

Cedi Crosses GH¢16 Mark Against The Dollar On Retail Market

Wontumi2Business
The Ghanaian Cedi has crossed the GH¢16 mark against the US Dollar on the currency retail market. A survey conducted by the Citi Business News team at various forex bureaux and banks in Accra revealed that the dollar is being sold at rates ranging from GH¢15.95 to GH¢16.20. This development occurs as the International Monetary Fund (IMF) recently lifted restrictions on dollar auctions by the Bank of Ghana, following a significant increase in the country’s reserves under a US$3 billion economic recovery programme. According to the July 2024 Summary of Financial and Economic Data from the Bank of Ghana, the…
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Next Of Kin Does Not Automatically Inherit Bank Accounts – BoG
28 Aug

Next Of Kin Does Not Automatically Inherit Bank Accounts – BoG

Wontumi2Business
The Bank of Ghana (BoG) has advised the public to carefully consider their choice of next of kin, stressing that they select someone who is not only of legal age but also capable of providing relevant information about the account holder when necessary. This follows what the Central Bank describes as a “pervasive misconception that the person nominated as Next-of-Kin by the account holder automatically inherits the funds in the account when the account holder passes on”. In a notice signed by the secretary of BoG, Sandra Thompson, Bank of Ghana explained that specific legal procedures must be followed by…
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School Placement Process For Recent BECE Candidates Begins Today
28 Aug

School Placement Process For Recent BECE Candidates Begins Today

Wontumi2News,
The Ghana Education Service (GES) has announced the commencement of the school placement process for Junior High School (JHS) leavers who recently completed their Basic Education Certificate Examinations (BECE). The selection process will run from today, Wednesday, 28 August 2024 to Wednesday, 4 September 2024. In a statement, the GES urged parents and guardians to actively participate in the school selection exercise to ensure a smooth placement process. “Parents and guardians are particularly advised to take keen interest in the school selection exercise to ensure a smooth placement this year,” the GES advised. The GES also revealed that candidates will…
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Bagbin Temporarily Moves Parliamentary Sittings To AICC Dome
28 Aug

Bagbin Temporarily Moves Parliamentary Sittings To AICC Dome

Wontumi2News
The Speaker of Parliament, Alban Bagbin, has announced that the upcoming parliamentary session, set to reconvene on September 3, will take place at the Dome at the International Conference Centre. This decision marks a significant departure from the traditional proceedings at Parliament’s main chamber, which has been the usual location for Ghana’s legislative activities. The announcement was made official through a letter dated August 27, 2024, signed by Speaker Bagbin. The letter cited the constitutional basis for the change, referencing Article 112(3) of the 1992 Constitution, which grants the Speaker the authority to designate an alternative meeting place for Parliament…
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Appiatse Residents Relocate To New Apartments
28 Aug

Appiatse Residents Relocate To New Apartments

Wontumi2News
Some residents of Appiatse near Bogoso in the Western Region who were to benefit from the reconstruction housing scheme in the area have started moving into their new homes. This was after the Vice President, Dr. Mahamudu Bawumia officially inaugurated the first phase of the community's reconstruction some months ago. Government promised to ensure the reconstruction of about 124 housing units that were destroyed in the community. Subsequently, the government honoured its promise and constructed a befitting housing project for the resettlement of the victims. In all, 124 new housing units, ranging from one bedroom to seven bedrooms were built…
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WAEC Arrests 6 Teachers For Exam Malpractice In Ongoing WASSCE
28 Aug

WAEC Arrests 6 Teachers For Exam Malpractice In Ongoing WASSCE

Wontumi2News
The West African Examinations Council (WAEC) says six teachers and invigilators have been arrested for engaging in various examination malpractices in the ongoing West African Senior School Certificate Examination (WASSCE). Speaking to JoyNews, the Head of Public Affairs at WAEC, John Kappi, said the teachers were arrested along with an 'overwhelming' number of students from both public and private schools across the country during the first week of the WASSCE. “In terms of teachers, I can say so far, we have about six of them who have been picked up for various offences. “The candidates are a lot of them. It is…
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No Famine Despite Drought In Northern Ghana – Agric Minister Assures
28 Aug

No Famine Despite Drought In Northern Ghana – Agric Minister Assures

Wontumi2News
The Minister of Food and Agriculture, Bryan Acheampong, remains confident that Ghana will not face a famine despite the ongoing drought affecting Northern Ghana. The northern region has been hit hard, with over two months of no rainfall, stunted crop growth, and growing fears among farmers about a poor harvest and potential food insecurity. However, in an interview with Channel One TV, Mr Acheampong dismissed these concerns, assuring the public that the situation will not escalate into a food shortage crisis. “I don’t think there will be a 1982 [1983] event, I don’t think that there will be famine, I…
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You Depend On Politics For Your Daily Bread, I Don’t- Chairman Wontumi Tells Mahama
28 Aug

You Depend On Politics For Your Daily Bread, I Don’t- Chairman Wontumi Tells Mahama

Kakra NunuFeatured, News
Without politics, John Dramani Mahama would have been a poor man who wouldn’t be able to live the life he is currently living, Chairman Wontumi has said. The Ashanti regional Chairman of the New Patriotic Party (NPP), Mr. Bernard Antwi-Boasiako, stated that politics saved the 2024 flagbearer of the National Democratic Congress (NDC) from starving. Speaking on the Wontumi Morning Show, he explained that unlike him who does something for a living and has numerous businesses under his belt, Mr. John Mahama does nothing and solely depends on the tax payers’ money for survival. “Without politics, you are nothing. I…
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